if there is a takeover? whats a fair price?, page-16

As Mentioned it is most interesting that AHR have not announced if the SPP will be underwritten.


Some comments.
If there is a takeover prior to the 22 Dec SPP closure date can the SPP be cancelled. I don?t think so.
Has AHR had some discussions with a cornerstone investor and they are prepared to take up nay shortfall.
I assume if the Directors have Market Sensitive information they can still take up there entitlement but no extras.
Is the conditions of any buy in/takeover that the SPP proceed and not to be underwritten and maybe no shortfall offered.

Considering the Liquidity, Volume Traded, Lack of market excitement etc why is not the under righting offer been accepted.

Maybe the top 20 members are prepared to take up the shortfall?????

The last rights offer was fully subscribed $943,000
The Directors
Gary took up 240,000 @ $0.15 $36,000.
Grant took up 348,476 @ $0.15 $52,271.
Trevor took up 150,000 @ $0.15 $22,500.

Interesting.

PLEASE DYOR.